Reglobalization: Three Miracles to Create a Preferable Future

ARTICLES | Jul 14, 2022
Reglobalization: Three Miracles to Create a Preferable Future

Solving world problems will depend not on any superpower but on global cooperation. Globalization, however, needs 3 factors to get back on track:

1. Multilateralism: cooperation between organizations at various levels

Resilience will require the collaboration of stakeholders around the world. The pandemic showed how much the world lacks cooperation on issues such as the economic crisis, supply chains, the internet. COVID is a reminder to global leaders of the importance of working together to address common issues. This lesson is especially true for developing countries where global cooperation and resource allocation are required on a wide range of issues in an increasingly volatile world with greater uncertainty, complexity, and ambiguity.

Other issues such as climate change, refugees, and social inequality make it imperative to have access to information and resources to exchange, especially as a new world war might start. Multilateralism is the inspiration for problems solvers around the world.

2. Priority in politics: solving problems not the party system

Restoring trust in the political system is essential to building global cooperation in the future. This is a challenge, however, considering the current global situation. The European Union is an example of peace among diverse states sharing a commitment to unity and democracy.

Building new trust requires discussions to find solutions together. Codes of practice will only apply if they take account of the common beliefs of the parties. Political values ​​of universal importance should be discussed with policymakers. And the interaction between organizations and hierarchies should be implemented to an international standard and in the public interest.

3. Youth participation: listening to the voice of the world’s population

Only 6% of young people want a steady job and believe that politics can solve global problems. The younger generation choose to get involved and move on the political issues they care about. Generation Y choose to work with more international organizations.

Cooperation needs agencies to work in a multilateral way. The political system should reflect values-based political behavior that young people adhere to with leaders on national and international levels to create a better climate for cooperation. This is the hope and direction through which global leaders and all agencies will be able to build trust, heeding the voices of young people who were once abandoned.

 

Implications for the future:

- There will be many more projects to build young global leaders. More important than the investment in setting up and running programs is monitoring and evaluation.

- Clear and measurable direction, goals, and actions are needed to create a common understanding and prioritization of issues in tackling global issues.

- Collaboration both nationally and globally will help build a new economy, including helping to prevent or resist a world war.

 

Reference:

- https://www.weforum.org/events/world-economic-forum-annual-meeting-2022/sessions/the-future-of-global-cooperation

- https://news.un.org/en/story/2021/09/1099522

- https://www.adb.org/sites/default/files/publication/653256/future-regional-cooperation-asia-pacific.pdf

- https://www.brookings.edu/research/multilateralism-what-policy-options-to-strengthen-international-cooperation/

- https://www.weforum.org/agenda/2020/07/global-cooperation-is-more-vital-than-ever-this-is-why/

- https://www3.weforum.org/docs/WEF_Global_Action_Group_Principles_2021.pdf

- https://www.orfonline.org/expert-speak/walking-the-walk-of-values-based-diplomacy/

- https://www.globalpolicyjournal.com/blog/08/12/2020/what-re-globalization-key-term-making-characterizes-our-epoch

 

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